NOT LISTED FOR SALE

518 Indian Paintbrush Dr Unit RO1 Banner Elk, NC 28604

Estimated Value: $700,000 - $774,000

3 Beds
3 Baths
1,660 Sq Ft
$433/mo HOA Fee

Last Sold August 09, 2019

Last sale price $340,000 $205 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,505/month

25 Days on Market

Highlights

  • Fitness Center
  • Home fronts a pond
  • Clubhouse
  • Valle Crucis Elementary School Rated A-
  • Gated Community
  • Stream or River on Lot

About This Home

As of August 2019

Top Quality Finishes in this luxury 3 Br condo in Echota on the Ridge! Great long Range views into TN with peaks in VA. Elegant finishes include Granite countertops and Stainless Jenn-aire appliances in the kitchen, Custom Cabinets, Hardwood floors, Stone to the ceiling on the fireplace, Full size Laundry appliances, 20 foot wide covered deck, and an extra door with access to grade that is helpful with pets. Enjoy a great location in the heart of the High Country... easy access to Boone, Blowing Rock, and Banner Elk. This property features access to all the amenities of Echota, including an indoor pool, outdoor pool, two fitness facilities, two clubhouses, a 25 acre nature park, and backyard amenities like Croquet, Bocce and a putting green.

Last Agent to Sell the Property

Jonathan Lehman

Keller Williams High Country Listed on: 06/14/2019

Keller Williams High Country

Last Buyer's Agent

Christy Lombardozzi

Keller Williams High Country

Keller Williams High Country

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 2007

Lot Details

  • Home fronts a pond
  • Property fronts a private road

HOA Fees

  • $433 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,660 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1879-90-5173-007

Community Details

Overview

  • Echota Subdivision

Recreation

  • Fitness Center

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,280

Year Built

Built in 2007

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.01
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Echota
  • Above Grade Finished Sq Ft: 1660.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2007
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Cooktop, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1660.0
  • Stories: 1

Exterior Features

  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Fiber Cement, Wood Frame
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage, Paved, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Other, See Remarks
  • Water Source: Other, See Remarks

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, River
  • Association Fee: 1300.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1879-90-5173-007
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1279.73
  • Tax Book Number: 1647/618

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2021
Sold by
Hitzke and Diane
Bought by
Ldk Llc
Current Estimated Value
$747,343

Purchase Details

Closed on
Aug 3, 2012
Sold by
Page Ten Llc
Bought by
Vero Mountain Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ldk Llc $561,500 None Listed On Document
Vero Mountain Investments Llc $715,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $340,000 0.0% $205 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $340,000 -- $205 / Sq Ft
Source: High Country Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,600 $503,000 $75,000 $428,000
2023 $1,931 $503,000 $75,000 $428,000
2022 $1,931 $503,000 $75,000 $428,000
2021 $1,429 $297,700 $75,000 $222,700
2020 $1,429 $297,700 $75,000 $222,700
2019 $1,280 $297,700 $75,000 $222,700
2018 $1,280 $297,700 $75,000 $222,700
2017 $1,280 $297,700 $75,000 $222,700
2013 -- $340,700 $75,000 $265,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 215539

High Country Association of REALTORS®

APN: 1879-90-5173-007